Axalto says it is upgrading one of its point-of-sale terminals to accept the TaiwanMoney Card powered by MasterCard’s M/Chip which includes both an EMV interface and OneSmart PayPass functionality for EMV contactless payments. According to one Axalto executive, “…the security brought by our chip-based solution and the convenience and speed of the contactless functionality will make a very attractive combination for cash replacement.”
Company Takes Part in World’s First Deployment of MasterCard EMV Chip-Based Contactless Solution
AMSTERDAM, The Netherlands–Axalto, the world’s leader in microprocessor cards and a major supplier of point-of-sale terminals, announced that its MagIC 6100 terminal is being upgraded to accept TaiwanMoney Card purchases. This MasterCard M/Chip-powered card features a contact interface for traditional EMV (Europay MasterCard Visa) payments and the OneSmart MasterCard PayPass functionality for EMV contactless payments for use in both transport and retail environments. This enhancement to Axalto terminals will allow consumers to benefit from the speed and efficiency of contactless at convenience store chains, movie theaters and retail merchants.
The Axalto terminals are updated with an external reader to accept the TaiwanMoney Card. Within this project, Paysys Communications Pte Ltd, an Axalto partner based in Malaysia, has developed the software required to integrate the contactless application into the terminals. This Axalto solution was certified last October by Mondex Taiwan, a subsidiary of MasterCard International.
“We are committed to offering our customers the opportunity to use the TaiwanMoney card as much as possible, ” commented Elvin Huang, President of Mondex Taiwan Inc. “Axalto was able to have its contactless solution certified in a very tight schedule, which will contribute to the success of this major deployment.”
“Axalto is dedicated to supporting Mondex Taiwan Inc. in the introduction of the TaiwanMoney Card,” added Michel Leger, vice president e-payment for Axalto. “We are convinced that the security brought by our chip-based solution and the convenience and speed of the contactless functionality will make a very attractive combination for cash replacement.”
Axalto is the world’s leading provider of microprocessor cards (Gartner 2005, Frost & Sullivan 2004) – the key to digital networks – and a major supplier of point-of-sale terminals. Its 4500 employees come from over 65 nationalities and serve customers in more than 100 countries, with worldwide sales exceeding 3 billion smart cards to date. The company has 25 years’ experience in smart card innovation and leads its industry in security technology and open systems. Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Microprocessor cards provide convenience, security and privacy to public and private services operators, their customers and end users.
For more information, please visit www.axalto.com.
About Mondex Taiwan Inc.
Mondex Taiwan Inc. established in November 2001. It is the most active leading Mondex electronic cash company around the globe. There are 14 member banks issuing more than 3 million Mondex cards in Taiwan. With the PayPass contactless interface, the company is on the transition to move up to next advanced e-purse in 2005. For more information, go to www.mondex.com.tw.
About Paysys Communications Pte Ltd
Paysys Communications Pte Ltd is a Malaysian MSC Status Company involved in software development regionally. It is primarily involved with software implementations for the Credit Card industry and Wireless Gateway connectivity.